TA: GVUL
11-09-2023 | 12:10 PM
#161
Racketeer
Joined: Mar 2015
Posts: 13,327
Likes: 818
From: N60.4858 W149.9327
This is all I've found and it applies to the private pilot insurance.
SECTION 25
MEDICAL, DENTAL, LIFE INSURANCE, AND OTHER BENEFITS
I. Accident Insurance for Private Flying
5. In addition to the regular policy exclusions, the following exclusions will also apply:
a. flying in an aircraft certified by the FAA as experimental, restricted, or limited, or prototype aircraft, or
b. waivered flying, crop dusting, stunt flying (other than legal aerobatic flying in an aircraft specifically approved by the FAA for such purposes and in an area and at an altitude approved by the FAA), test flying, flight instruction or while participating in speed and/or endurance contests.
Last edited by notEnuf; 11-09-2023 at 12:21 PM.
11-09-2023 | 03:45 PM
#162
Gets Weekends Off
Joined: Sep 2015
Posts: 5,563
Likes: 222
From: UNA
Do you have a PWA reference? I'd just like to see it with my own eyes. Trust but verify... yada yada... arbitrator says... yada yada yada. Thanks.
This is all I've found and it applies to the private pilot insurance.
SECTION 25
MEDICAL, DENTAL, LIFE INSURANCE, AND OTHER BENEFITS
I. Accident Insurance for Private Flying
5. In addition to the regular policy exclusions, the following exclusions will also apply:
a. flying in an aircraft certified by the FAA as experimental, restricted, or limited, or prototype aircraft, or
b. waivered flying, crop dusting, stunt flying (other than legal aerobatic flying in an aircraft specifically approved by the FAA for such purposes and in an area and at an altitude approved by the FAA), test flying, flight instruction or while participating in speed and/or endurance contests.
This is all I've found and it applies to the private pilot insurance.
SECTION 25
MEDICAL, DENTAL, LIFE INSURANCE, AND OTHER BENEFITS
I. Accident Insurance for Private Flying
5. In addition to the regular policy exclusions, the following exclusions will also apply:
a. flying in an aircraft certified by the FAA as experimental, restricted, or limited, or prototype aircraft, or
b. waivered flying, crop dusting, stunt flying (other than legal aerobatic flying in an aircraft specifically approved by the FAA for such purposes and in an area and at an altitude approved by the FAA), test flying, flight instruction or while participating in speed and/or endurance contests.
“The life insurance will provide for guaranteed insurability of all pilots on January 1, 2008 and all future pilots at date of hire and will contain no exclusions from coverage except for the exclusions in section 12.02 of the D&S plan.”
the D&S plan document section 12.02 says
“Person causing death of employee: if a person is convicted of, or pleads guilty to, voluntarily causing the death of, or conspiring to cause the death of, the employee that person shall not in any event be eligible to receive benefits under this plan. During any time the question of guilt or innocence is being determined, all benefits for that person shall be withheld.”
Last edited by Gone Flying; 11-09-2023 at 04:06 PM.
11-09-2023 | 04:22 PM
#163
Line Holder
Joined: Oct 2021
Posts: 1,298
Likes: 372
Do you have a PWA reference? I'd just like to see it with my own eyes. Trust but verify... yada yada... arbitrator says... yada yada yada. Thanks.
This is all I've found and it applies to the private pilot insurance.
SECTION 25
MEDICAL, DENTAL, LIFE INSURANCE, AND OTHER BENEFITS
I. Accident Insurance for Private Flying
5. In addition to the regular policy exclusions, the following exclusions will also apply:
a. flying in an aircraft certified by the FAA as experimental, restricted, or limited, or prototype aircraft, or
b. waivered flying, crop dusting, stunt flying (other than legal aerobatic flying in an aircraft specifically approved by the FAA for such purposes and in an area and at an altitude approved by the FAA), test flying, flight instruction or while participating in speed and/or endurance contests.
This is all I've found and it applies to the private pilot insurance.
SECTION 25
MEDICAL, DENTAL, LIFE INSURANCE, AND OTHER BENEFITS
I. Accident Insurance for Private Flying
5. In addition to the regular policy exclusions, the following exclusions will also apply:
a. flying in an aircraft certified by the FAA as experimental, restricted, or limited, or prototype aircraft, or
b. waivered flying, crop dusting, stunt flying (other than legal aerobatic flying in an aircraft specifically approved by the FAA for such purposes and in an area and at an altitude approved by the FAA), test flying, flight instruction or while participating in speed and/or endurance contests.
Based on what you found, that particular add-on "Private Flying" insurance actually excludes more private flying (I.e. experimental, restricted, etc aircraft) than our boilerplate insurance policy (including the GVUL). I think I'm going to pass on the accident insurance. Even EAA (Experimental Aircraft Association) seems to have a better group policy than Delta's "Accident Insurance for Private Flying"
Last edited by Verdell; 11-09-2023 at 04:38 PM.
11-10-2023 | 06:00 AM
#164
Racketeer
Joined: Mar 2015
Posts: 13,327
Likes: 818
From: N60.4858 W149.9327
Thanks for pointing this out. This is NOT the life insurance policy, but is the "Accident Insurance for Private Flying."
Based on what you found, that particular add-on "Private Flying" insurance actually excludes more private flying (I.e. experimental, restricted, etc aircraft) than our boilerplate insurance policy (including the GVUL). I think I'm going to pass on the accident insurance. Even EAA (Experimental Aircraft Association) seems to have a better group policy than Delta's "Accident Insurance for Private Flying"
Based on what you found, that particular add-on "Private Flying" insurance actually excludes more private flying (I.e. experimental, restricted, etc aircraft) than our boilerplate insurance policy (including the GVUL). I think I'm going to pass on the accident insurance. Even EAA (Experimental Aircraft Association) seems to have a better group policy than Delta's "Accident Insurance for Private Flying"
11-11-2023 | 02:29 PM
#166
Line Holder
Joined: Jul 2008
Posts: 488
Likes: 0
From: 35B
PWA section 25.G.1.d
“The life insurance will provide for guaranteed insurability of all pilots on January 1, 2008 and all future pilots at date of hire and will contain no exclusions from coverage except for the exclusions in section 12.02 of the D&S plan.”
the D&S plan document section 12.02 says
“Person causing death of employee: if a person is convicted of, or pleads guilty to, voluntarily causing the death of, or conspiring to cause the death of, the employee that person shall not in any event be eligible to receive benefits under this plan. During any time the question of guilt or innocence is being determined, all benefits for that person shall be withheld.”
“The life insurance will provide for guaranteed insurability of all pilots on January 1, 2008 and all future pilots at date of hire and will contain no exclusions from coverage except for the exclusions in section 12.02 of the D&S plan.”
the D&S plan document section 12.02 says
“Person causing death of employee: if a person is convicted of, or pleads guilty to, voluntarily causing the death of, or conspiring to cause the death of, the employee that person shall not in any event be eligible to receive benefits under this plan. During any time the question of guilt or innocence is being determined, all benefits for that person shall be withheld.”
11-11-2023 | 02:42 PM
#167
Line Holder
Joined: Oct 2017
Posts: 1,105
Likes: 6
From: 737 A
I’m not sure if you mean this light heartedly. If so, probably not the right topic… we loose too many every day.
If you are serious, reach out to counseling help. There are a lot of resources. I promise people care about you.
After all that, to answer to your question is no since the beneficiary can’t be the insured person. I lost a friend (DL FO) 2 years ago to suicide. His parents were the beneficiaries. They got the benefit, but they would much rather to have him still alive.
If you are serious, reach out to counseling help. There are a lot of resources. I promise people care about you.
After all that, to answer to your question is no since the beneficiary can’t be the insured person. I lost a friend (DL FO) 2 years ago to suicide. His parents were the beneficiaries. They got the benefit, but they would much rather to have him still alive.
11-11-2023 | 03:03 PM
#168
On Reserve
Joined: Mar 2016
Posts: 105
Likes: 0
Sorry if I missed the answer to these questions that I have.
1. Do we have to go through a medical/underwriting process to get the GVUL?
2. I have the term life maxed out right now. I pay out of pocket to have more coverage on top of what is free from the company. Can I get covered to that same amount with the GVUL? Would that require underwriting if that option is available?
3. Is it possible to keep my full term plan and opt in to the GVUL too?
Thanks
1. Do we have to go through a medical/underwriting process to get the GVUL?
2. I have the term life maxed out right now. I pay out of pocket to have more coverage on top of what is free from the company. Can I get covered to that same amount with the GVUL? Would that require underwriting if that option is available?
3. Is it possible to keep my full term plan and opt in to the GVUL too?
Thanks
11-11-2023 | 03:32 PM
#169
Moderator
Joined: Sep 2011
Posts: 8,321
Likes: 1,332
Sorry if I missed the answer to these questions that I have.
1. Do we have to go through a medical/underwriting process to get the GVUL?
2. I have the term life maxed out right now. I pay out of pocket to have more coverage on top of what is free from the company. Can I get covered to that same amount with the GVUL? Would that require underwriting if that option is available?
3. Is it possible to keep my full term plan and opt in to the GVUL too?
Thanks
1. Do we have to go through a medical/underwriting process to get the GVUL?
2. I have the term life maxed out right now. I pay out of pocket to have more coverage on top of what is free from the company. Can I get covered to that same amount with the GVUL? Would that require underwriting if that option is available?
3. Is it possible to keep my full term plan and opt in to the GVUL too?
Thanks
2. The GVUL simply replaces all but $50k of your company paid policy. It has nothiing to do with, nor any overalp with, any 'extra' coverage you buy.
3. If you are talking about the company policy: No, it is one or the other. You can have GVUL and any optional/additional term if you so desire.
Check out the Engage Podcast episode DALPA put out. It's referenced in this thread, and is also available anywhere you get podcasts (Spotify, Pandora, Apple, etc).
Editorial comment: there is literally no downside to selecting GVUL for the company paid policy. None. And it will save you taxes on the lower imputed income. Just remember it's a 2-step process.
11-11-2023 | 05:37 PM
#170
Line Holder
Joined: Oct 2017
Posts: 419
Likes: 3
1. No, unless you previoiusly reduced the level of coverage and are now raising it back up (which in your case is N/A).
2. The GVUL simply replaces all but $50k of your company paid policy. It has nothiing to do with, nor any overalp with, any 'extra' coverage you buy.
3. If you are talking about the company policy: No, it is one or the other. You can have GVUL and any optional/additional term if you so desire.
Check out the Engage Podcast episode DALPA put out. It's referenced in this thread, and is also available anywhere you get podcasts (Spotify, Pandora, Apple, etc).
Editorial comment: there is literally no downside to selecting GVUL for the company paid policy. None. And it will save you taxes on the lower imputed income. Just remember it's a 2-step process.
2. The GVUL simply replaces all but $50k of your company paid policy. It has nothiing to do with, nor any overalp with, any 'extra' coverage you buy.
3. If you are talking about the company policy: No, it is one or the other. You can have GVUL and any optional/additional term if you so desire.
Check out the Engage Podcast episode DALPA put out. It's referenced in this thread, and is also available anywhere you get podcasts (Spotify, Pandora, Apple, etc).
Editorial comment: there is literally no downside to selecting GVUL for the company paid policy. None. And it will save you taxes on the lower imputed income. Just remember it's a 2-step process.
